Eastern Bankshares, Inc. and HarborOne Bancorp, Inc. jointly announced that election materials have been distributed to holders of HarborOne common stock. This action allows HarborOne shareholders to elect their preferred form of consideration in connection with the upcoming merger.
Shareholders can choose to receive either Eastern common stock or cash for each of their HarborOne shares, subject to the allocation procedures outlined in the definitive merger agreement. This is a crucial step in the administrative process of the merger.
The distribution of these election forms indicates that the merger process, initially announced on April 24, 2025, is progressing towards its anticipated closing. Shareholders are now able to make decisions regarding their investment in the combined entity.
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